Answer:
more frequently.
Explanation:
Both accounting and finance are extremely important for managers to make the best possible business decisions. The difference between accounting and finance is that accounting relies on past events, while finance has to anticipate to future events. One without the other is useless, since only knowing what happened before and not getting anything new out of that information doesn't help, and finance uses the accounting statements as their basic information.
In order for a manager to have the most reliable and current information, the financial statements must be done fairly frequently, every month or every two months at most. Legally the IRS only requires one set of financial statements per year, but that doesn't mean they can't be done more frequently. Before making a decision, you must know where your company is standing and the only way to know that is through financial statements.
Answer:
$85,400
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
Accounts Receivable $3100 increase - Operating cash outflow
Accounts Payable 1200 increase - Operating cash inflow
Buildings 4000 decrease - Investing
Depreciation Expense 1600 increase - Operating cash inflow
Bonds Payable 8100 increase - Financing cash inflow
Amount of cash provided by operating activities
= -$3100 + $1200 + $1600 + $85700
= $85,400
Answer:
revising is done by yourself, whereas editing is done by other person